News Release

Jan. 27, 2009: Affirmed BBB+/Stable on senior debts of Iino Kaiun; Affirmed A- and J-1 on Sinanen; Revised outlook to Negative; Affirmed A-/Stable and J-1 on sr.debts and CP of Itochu Enex; Revised rating outlook on Nomura Holdings and Nomura Securities to Negative; Revised rating outlook on Nomura Holdings and Nomura Securities to Negative; Revised rating outlook on Nomura Holdings and Nomura Securities to Negative; Revised rating outlook on Nomura Holdings and Nomura Securities to Negative; Downgraded Pacific HLD rating to #CCC; Revised direction to CM to Negative; Placed NEC Tokin rating BBB+ under Credit Monitor Developing; Revised rating outlook on Nomura Holdings and Nomura Securities to Negative

Jan. 26, 2009: Assigned J-1+ to MSNW Trust Certificate Series 09010; Assigned J-1 to Bills Receivable ABL09-01 (B Corporation in Mie); Assigned J-1 to Bills Receivable ABL09-01 (A Corporation in Aichi); Assigned J-1 to Nakagawa Seitaikako Bills Receivable ABL09-01; Affirmed AA/Stable on sr.debts of Kitami Institute of Technology; Affirmed AA/Stable and J-1+ on sr.debts and CP of Bridgestone; Affirmed AA+/Stable and AA+ on Japan Student Services Organization

Jan. 23, 2009: Assigned J-1 to Fuji Shokai Bills Receivable ABL09-01; Assigned A- to bonds of Kintetsu; Downgraded Daikyo Inc. rating to BBB-; Removed Credit Monitor; Affirmed AA-/Stable and J-1+ on sr.debts and CP of Daibiru; Affirmed AA rating on Nippon Yusen Kabushiki; Revised outlook to Negative; Pacific Holdings rating remains under Credit Monitor Developing #B,#B-

Jan. 22, 2009: Assigned J-1 to healthcare fees ABL09-01 (D Hospital); Affirmed AAA/Stable on sr.debts of Hitotsubashi University; Withdraws A+p rating on Isetan; Affirmed BBB+/Stable and J-2 on Mitsui Sugar; Assigned AAA to bonds of Aichi Prefecture

Jan. 21, 2009: Assigned J-1 to healthcare fees ABL09-01 (Asahikawa Sanai HP); Affirmed J-1+ on CP of Toyota Motor; Affirms AA Rating on Pohjolan Voima Oy; Outlook Stable; Affirms AA Rating on Teollisuuden Voima Oyj; Outlook Stable; Affirmed BBB+/Stable rating on senior debts of Okaya & Co.; Affirmed AA- on Toyota Boshoku; Revised outlook to Stable; Affirmed A-p on Nishimatsu Construction; Revised outlook to Negative

Jan. 20, 2009: Assigned J-1 to Kurashiki Medical Center Trust Certificates 09-01; Assigned J-1 to healthcare fees receivable ABL09-01 (C Hospital); Withdraws A-p/Stable rating on Daimaru; Assigned A/Stable to sr.debts of J.Front Retailing; Affirmed A on Konica Minolta Holdings; Revised outlook to Stable; Assigned preliminary AA and AA to bonds and shelf of Keio Corporation

Jan. 19, 2009: Assigned J-1 to healthcare fees receivable ABL09-01 (Shuyukai); JCR Downgraded Nikko Citi Holdings to #A-/Developing
JCR Downgraded Nikko Cordial Securities to #A-/Developing

Jan. 16, 2009: Assigned J-1 to healthcare fees receivable ABL09-01 (A Hospital); Assigned J-1 to dispensing fees ABL09-01 (sun-kur Corporation); Assigned J-1 to healthcare fees ABL09-01 (E Hospital); Assigned J-1 to healthcare fees ABL09-01 (F Hospital); Assigned J-1+ to Takeda Gen. Hospital Trust Certificates 09-01; Affirmed A/Stable and J-1 on IBJ Leasing; Assigned AAA to bonds of Chugoku Electric Power; Affirmed A and A- on Miyazaki Bank; Revised outlook to Negative; Assigned AA to bonds of Urban Renaissance Agency; Assigned AAA to bonds of Aichi Prefecture; Assigned AAA to bonds of Kyushu Electric Power

Jan. 15, 2009: Assigned J-1 to healthcare fees receivable ABL09-01 (Kyowakai); Affirmed BBB+ on Toyo Tire & Rubber; Revised outlook to Negative; Affirmed BBB on Pacific Industrial; Revised outlook to Negative; Assigned AA/Stable to Toyo University; Assigned AA- to bonds of Sumitomo Mitsui Banking; Affirmed J-2 on CP of Meidensha

Jan. 14, 2009: Assigned J-1 to healthcare fees receivable ABL09-01 (B Hospital); Affirmed BBB+/Stable on Fujikura Kasei; Affirmed A/Stable on First Bank of Toyama; Affirms Ratings on United Mexican States to A-/A+ (FC/LC); Outlook Stable; Affirmed BBB/Stable on Nakayama Steel Works; Affirmed BBB rating on Nippon Yakin Kogyo; Revised outlook to Negative

Jan. 13, 2009: Affirmed BBB on Nippon Fine Chemical; Revised outlook to Stable; Assigned AA+ to bonds of Osaka (City of); Affirmed A-/Stable and J-1 on Orient Corporation; Withdraws A/Stable rating on Nosan Corporation

Jan. 09, 2009: Assigned J-1 to Nohara Bills Receivable ABL09-01; Affirmed J-1+ on CP of JFE Holdings; Assigned AA- to bonds of Odakyu Electric Railway; Affirmed BBB/Stable and J-2 on sr.debts and CP of Okabe; Affirmed A+/Stable and J-1 on THK

Jan. 07, 2009: JCR Affirmed A+ on EMTN of ITOCHU
JCR Affirmed A+ on EMTN of ITOCHU International
JCR Affirmed A+ on EMTN of ITOCHU Finance (Europe)
JCR Affirmed A+ on EMTN of ITOCHU Treasury Centre Asia; Affirmed A+/Stable and J-1 on Itochu; Affirmed A/Stable on Sankei Building; Affirmed BBB+/Stable on sr.debts of Yonekyu; Affirmed J-2 on CP of Marudai Food

Jan. 05, 2009: Assigned J-1 to Molten Bills Receivable ABL08-12; Assigned J-1 to Toda Kogyo Bills Receivable ABL08-12; Assigned A/Stable to sr.debts of Ezaki Glico

Dec. 29, 2008: Assigned J-1 to SEIBUKIZAI Bills Receivable ABL08-12; Affirmed BBB/Stable on Hikari Tsushin; Withdraws #B+/Negative rating on Radia Holdings; Downgraded rating on Wakachiku Construction to BB+; Outlook Stable; Downgraded rating on sr.debts of Fukuda to BBB-/Negative; JCR Downgraded CSK Holdings to #BBB-/Negative and #J-2/Negative
JCR Downgraded Cosmo Securities to #BB/Negative and #J-3/Negative; JCR Affirmed BBB and J-2 on SBI Holdings; Revised Outlook to Negative
JCR Affirmed BBB on SBI Securities; Revised Outlook to Negative
JCR Affirmed BBB- on SBI Mortgage; Revised Outlook to Negative; Revises Rating Outlook of Shinhan Card to Negative

Dec. 26, 2008: Assigned J-1 to Aso Shoji Bills Receivable ABL08-12; Assigned AAA to San-in Shinpan Installment Sales Receivable ABL; Assigned J-1+ to Teral Bills Receivable ABL08-12; Assigned J-1+ to Chudai Jitugyo Bills Receivable ABL08-12; Assigned J-1 to Bills Receivable ABL08-12 (B Corporation in Mie); Affirmed BBB/Stable on senior debts of Kanto Tsukuba Bank; Downgraded Takara Leben's rating to BB+ and J-3; Affirmed A/Negative and A- on Shonai Bank

Release Information: News Release; Issuer Reports; Reports relating to Issuer; JCR News